Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Arlington/Roe Finalizes Acquisition of Wisconsin Surplus Lines Broker
Jan 28 2019 // Indianapolis-based managing general agent and wholesale insurance broker Arlington/Roe & Co. has completed the acquisition of Robert W. Schmidt & Company LLC, a special risk broker located in the Milwaukee suburb...
PIMCO and Allianz Partner to Launch Insurance Linked Securities Business
Jan 28 2019 // PIMCO, the Newport Beach, Calif.-based fixed income investment manager, has hired Rick Pagnani from Mt. Logan Re as executive vice president, to lead the launch of the firm’s property and casualty insurance linked...
Wilkinson Insurance Services Acquires Commercial Insurance Services of Virginia
Jan 25 2019 // Wilkinson Insurance Services Inc., an insurance premium audit services company based in Huntsville, Ala., is expanding to Virginia with its acquisition of Commercial Insurance Services of Virginia. The acquisition is...
Ryan Specialty Group Reaches Agreement to Acquire Boston Insurance Specialists
Jan 25 2019 // Ryan Specialty Group LLC has reached a definitive agreement to acquire the assets and operations of Boston Insurance Specialists Inc. (BIS), an independently owned wholesale insurance brokerage with offices in Mansfield...
Allianz to Enter Vietnam Insurance Market via Joint Venture with IT Firm FPT Group
Jan 24 2019 // Allianz announces its intention to enter the general insurance sector in Vietnam through a digital joint venture (JV) to be set up with the FPT Group – driving long-term success in the market and expanding...
Travelers Partners with ASQ Underwriting on Transactional Risk Insurance
Jan 23 2019 // The Travelers Companies, Inc. has partnered with ASQ Underwriting, a managing general underwriter, to offer transactional risk insurance in the United States, as strategic and private equity investors increasingly turn to...
New York City’s Global Excess Partners Promotes Cook to VP, Managing Director
Jan 23 2019 // Global Excess Partners (GEP), a specialty insurance organization, has promoted Brendan Cook from vice president to vice president and managing director. He reports to Chris Zoidis, corporate executive vice president of...
XPT Group Acquires New York City’s SVA Underwriting Services
Jan 23 2019 // XPT Group LLC has acquired SVA Underwriting Services Inc., a trucking and transportation MGA and Lloyd’s Coverholder. SVA Underwriting specializes in physical damage and cargo cover with the ability to underwrite,...
Indiana’s United Health Actuarial Services Acquired by Risk Strategies
Jan 23 2019 // Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired United Health Actuarial Services Inc. (UHAS), a health actuarial, management, and underwriting consulting firm based...
California Lawmaker to Introduce Bill to Free up Funding for Retrofits
Jan 22 2019 // California state Sen. Majority Leader Bob Hertzberg, D-Van Nuys, on Tuesday announced a bill to allocate $1 billion in funding over the next 10 years to retrofit homes across California. The bill was timed to follow the...
Marsh & McLennan Agency to Acquire Bouchard Insurance of Florida
Jan 22 2019 // Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has reached agreement to acquire Clearwater, Fla.-based Bouchard Insurance, a full-service agency in Florida. Terms of the transaction,...
K2 Insurance Acquires Assets, Operations of Nebraska’s Mid-America Risk Managers
Jan 22 2019 // K2 Insurance Services LLC (K2) has completed its acquisition of the assets and operations of Mid-America Risk Managers Inc. (MARM). MARM, based in Omaha, Nebraska, is a farm and agricultural focused specialty general...
Alliant in California Forms Partnership with PSP Investments
Jan 22 2019 // Newport Beach, Calif.-based Alliant Insurance Services Inc. announced that a Canadian pension investment manager is making an investment in the firm. The investment by the Public Sector Pension Investment Board is joined...
Legacy Acquirer DARAG Buys Italian Motor Business from DONAU Versicherung
Jan 22 2019 // Legacy Acquirer DARAG Group Ltd. announced it has agreed to purchase a portfolio of Italian non-life business, consisting primarily of motor third party liability from DONAU Versicherung AG. Financial details of the...
With Shutdown, Oklahoma’s Rural Fire Departments Fear Funding Issues
Jan 22 2019 // Oklahoma officials anticipate problems with funding the state’s rural firefighting services if the partial federal government shutdown persists. The Oklahoma Department of Agriculture’s forestry division...
Arthur J. Gallagher Acquires Interstate Insurance Underwriters in Louisiana
Jan 18 2019 // Arthur J. Gallagher & Co. has acquired Shreveport, Louisiana-based Interstate Insurance Underwriters LLC, the company announced. Terms of the transaction were not disclosed. Founded in 1963, Interstate Insurance...
Vital Insurance Partners Names Kochman Senior VP of Program Placement
Jan 18 2019 // Vital Insurance Partners, an insurance consulting and program intermediary, has named Curtis Kochman senior vice president of Program Placement. Kochman, who will be based in Pittsburgh, Penn., will be responsible for the...
Brown & Brown Subsidiary Acquires Illinois’ Izzo Insurance Services
Jan 17 2019 // Hull & Company LLC, a subsidiary of Brown & Brown Inc., has acquired substantially all the assets of Izzo Insurance Services Inc., based in Bloomingdale, Illinois. Founded in 1980 by Karen Izzo, Izzo Insurance...
Guy Carpenter Forms New Division, Makes Post-JLT Merger Leadership Appointments
Jan 17 2019 // Reinsurance broker Guy Carpenter & Co. announced the formation of a new Global Capital Solutions Group as well as a series of leadership appointments that will become effective upon the closing of the acquisition of...
Kaplansky Insurance Acquires Massachusetts’ KW Insurance
Jan 17 2019 // Kaplansky Insurance, an independent locally owned agency in the Northeastern U.S., has acquired KW Insurance, a full-service agency with locations in Dedham and Cambridge, Mass. Following the acquisition, the KW Dedham...
